CBL & Associates Properties Inc (CBL) company profile
Close on Nov 13, 2026Market cap $1.69BP/E 11.2Yield –
About CBL & Associates Properties
Real Estate Investment Trusts, SIC 6798
CBL & Associates Properties, Inc. is a real estate company that owns, develops, leases, and manages commercial real estate properties. The company operates primarily through four property segments: enclosed malls, open-air centers, lifestyle centers, and outlet centers. Its business activities include property leasing, management, and redevelopment, along with the ownership of outparcels and office spaces. CBL caters to commercial and retail tenants, ranging from major department store chains to specialty retailers and service providers.
The company is headquartered in Chattanooga, Tennessee, and is organized under the laws of Delaware. Its portfolio spans numerous regional commercial properties, shopping centers, and land parcels across the United States. Mentioned holdings include properties in locations such as Laredo, Beaumont, Gettysburg, Louisville, and Atlanta. Its operations encompass dozens of regional shopping malls, outlet complexes, and related outparcel assets held directly and through joint ventures.
Summary of the business section of CBL & Associates Properties's latest annual report, written by StockData.
Company profile
Company
- Legal name
- CBL & Associates Properties Inc
- Founded
- 1979
- Headquarters
- Chattanooga, TN
- Address
- 2030 Hamilton Place Bvld, Suite 500, Cbl Center 37421
- Phone
- (423) 855-0001
- Website
- cblproperties.com
- Employees
- 500, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Atlanta, Georgia
Stock & identifiers
- Ticker
- CBL
- Exchange
- NYSE
- IPO date
- Nov 2, 2021
- Shares outstanding
- 31M, Aug 3, 2026
- Public float
- $467.69M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 910612
- CUSIP
- 124830878
- ISIN
- US1248308785
- FIGI
- BBG01396RNK7
- Share class FIGI
- BBG01396RPH6
- LEI
- 529900EIVFBRS4PUBZ13
- EIN
- 62-1545718
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Stephen D. Lebovitz | CEO, Director | 507,288 |
| Jennifer Cope | EVP Ops Services & Risk Mgmt | 24,009 |
| Joseph Khalili | EVP Financial Planning & Anlys | 23,948 |
| Jeffery V. Curry | Chief Legal Officer & Sec. | 143,018 |
| Benjamin W. Jaenicke | EVP - Chief Financial Officer | 128,639 |
| Kathryn A. Reinsmidt | EVP - Chief Operating Officer | 138,539 |
| Howard B. Grody | Exec VP-Leasing | 76,331 |
| Andrew Franklin Cobb | Exec VP-Accounting | 59,673 |
| Michael I. Lebovitz | President | 110,848 |
| Alan L. Lebovitz | Executive VP - Management | 86,414 |
| David Michael Fields | Director | 18,522 |
| David J. Contis | Director | 117,170 |
| Michael A. Torres | Director | 16,578 |
| Marjorie L. Bowen | Director | 33,440 |
| Robert G. Gifford | Director | 20,754 |
| Jeffrey Kivitz | Director | 17,606 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $4.60M | $9.86M | $1.94M | $170 | $96 |
| FY2024 | $4.39M | $9.21M | $1.86M | $124 | $9387 |
| FY2023 | $4.78M | $5.89M | $2.00M | $96 | $89 |
| FY2022 | $11.21M | $7.92M | $2.69M | $85 | $80 |
| FY2021 | $10.36M | $11.36M | $2.17M | $104 | $107 |
| FY2020 | $3.46M | $704.68K | $1.19M | – | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Stephen D. Lebovitz Director, Chief Executive Officer | $719.44K | $552.52K | $1.72M | $1.35M | $258.74K | $4.60M | +5% |
| Benjamin A. Jaenicke Executive Vice President – Chief Financial Officer and Treasurer | $404.00K | $355.68K | $1.41M | $499.10K | $8.75K | $2.67M | +3% |
| Michael I. Lebovitz President | $428.69K | $223.31K | $735.35K | $381.47K | $8.75K | $1.78M | +4% |
| Katie A. Reinsmidt Executive Vice President – Chief Operating Officer | $353.50K | $253.61K | $735.35K | $369.05K | $8.75K | $1.72M | +6% |
| Jeffery V. Curry Chief Legal Officer and Secretary | $406.44K | $160.69K | $735.35K | $274.49K | $8.75K | $1.59M | +4% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“CBL does not have any employees other than its statutory officers. As of December 31, 2025, our Management Company had 408 full-time and 92 part-time employees that represented the following voluntarily provided demographics:”
Corporate history
Events identified from SEC filings
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